In a recent study conducted by Javelin Strategy and Research, it
reflected that identity fraud has increased 13% from 2011. One contributing
factor to this increase may be due to the number of online payments and Internet
fraud. As discussed in A
Faceless Society Needs KBA, more consumers are using online transactions
as a part of their daily routine. Whether it be online shopping, online
banking, or even taking polls and/or entering sweepstakes, if you are entering
your personal information online you run the risk of someone else accessing it.
In an infographic issued by CreditDonkey,
they help to illustrate the different types of identity fraud and give tips on
how to avoid it.
One way to help ensure the safety personal
information online is the use of ID
verification and authentication. Businesses who help to protect their
consumers information, such as financial institutions and online retailers,
need to consider partnering with an ID verification provider to strengthen
prevention measures. EVS helps to ensure that someone is who he or she
claims to be when entering information online. This helps to protect against
thieves using stolen personal information. ID verification and authentication
is the key to cutting down on identity theft online. As more companies
integrate this service into their security measures, consumers will be further
protected from online identity theft and Internet Fraud.